On 5th January 2024, the export credit agencies from the United Kingdom, Austria, Italy, and Poland signed a financing package worth €1.2 billion for the construction of a high-speed rail (HSR) line between Yerköy and Kayseri in Turkey. Sace from Italy committed €249 million, Kuke from Poland €205 million, and OeKB from Austria €176 million. The financing package also includes a separate commercial credit facility of €220 million, partly backed by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The financing will enable the construction of the new line, which will connect to the Ankara – Sivas HSR line opened in April 2023. The project is being realised by a joint venture of the Turkish construction companies Dogus Insaat, Celikler, and Özkar.
